2.1 Business Analysis Key Concepts Overview

Introduction:

• The Business Analysis Key Concepts chapter of the BABOK® Guide lays down fundamental principles essential for effective practice.

Key Components:

• BACCM™:

  • Defines business analysis universally, encompassing six core concepts: Change, Need, Solution, Stakeholder, Value, and Context.

• Key Terms:

  • Defines crucial concepts.

• Requirements Classification Schema:

  • Categorizes requirement levels/types.

• Stakeholders:

  • Defines involved/affected groups or individuals.

• Requirements and Designs:

  • Differentiates requirements from designs.

Core Concepts Overview:

• Change:

  • Transformation for performance enhancement.

• Need:

  • Problem/opportunity driving stakeholder action.

• Solution:

  • Specific approach resolving problems or enabling opportunities.

• Stakeholder:

  • Groups/individuals impacted by change.

• Value:

  • Importance to stakeholders.

• Context:

  • Surrounding circumstances influencing change.

Conclusion:

• These concepts serve as the foundation for effective business analysis, facilitating successful value delivery.